PIF-backed Ceer to develop SAR 5B EV facility in Saudi Arabia

The signing ceremony

Ceer, the first Saudi electric vehicle (EV) brand and original equipment manufacturer (OEM), will develop a nearly SAR 5 billion EV manufacturing facility in King Abdullah Economic City.

The project will span over one million square meters (sqm), with an area under roof of 530,000 sqm. It will include dedicated zones for every stage of vehicle production, including a press shop, body shop, paint shop, and general assembly. Additionally, the complex will feature dedicated zones for logistics, waste management, warehouses, offices, water treatment system and a vehicle test track.

“We are delighted to witness the realization of our vision to ignite Saudi Arabia’s mobility industry, beginning with the construction of the Ceer Electric Vehicle Manufacturing Complex. This complex will be a benchmark for industrial excellence within the region and globally. It will feature the best technologies, equipment, and people, supported by partnerships with global industry leaders such as Dürr, Schuler, Siemens, ABB, and many more,” said Jim DeLuca, CEO of Ceer.

In June 2023, the Ministry of Industry and Mineral Resources issued an industrial license for Ceer to establish an EV manufacturing facility, according to data available with Argaam.